The biggest gainers are: Virtuals Protocol [VIRTUAL], Official Trump [TRUMP], and Brett [BASED].
The biggest losers: On the other hand, DeXe [DEXE], BitGet Token [BGB], and Unus Sed Leo [LEO].
This week, the cryptocurrency market is thriving - thankfully, there was no crash again.
In contrast, President Donald Trump has taken some strategic initiatives to stir the situation, including Paul Atkins' swearing-in as SEC chairman and some false rumors about cutting tariffs with China.
But what’s the real headline? Trump is vigorously pushing his memecoin, causing it to skyrocket to one of the largest weekly gains, approaching the top.
Weekly winners.
Virtuals Protocol [VIRTUAL] - AI token triggers FOMO with a recovery to $1.
Virtuals Protocol [VIRTUAL] surged 93% this week, becoming the well-deserved focus, ranking among the top 100 crypto assets.
It started slow, consolidating at $0.58, but on April 22, it surged 21%, shooting up like a rocket.
In just four days, VIRTUAL's price soared above $1, reaching its highest level in over a month.
FOMO is brewing, as the sentiment for tokens has turned positive for the first time in three months.
And not just Trump's 90-day tariff policy and the tech macro catalysts such as China's 'rate cut' hype are fanning the flames.
As pressure mounts, cryptocurrencies may maintain this momentum. How likely is continued growth? We can only say 'cautiously' on the higher side.
Official Trump [TRUMP] - Memecoin develops through strategic initiatives.
Trump's official stock price surged into the top three weekly gainers with an increase of over 80%, and this is no coincidence. This surge is entirely the work of Trump himself.
With less than a month to go before the top 220 holders of the TRUMP memecoin have a once-in-a-lifetime dinner with Trump, the competition has begun.
The competition for the golden seat is heating up, and this epic tug-of-war is just the beginning.
Of course, the RSI indicator broke 80, signaling 'overbought', and the MACD indicator also issued some bearish signals. But as long as Trump is involved, anything can happen.
While the trading volume of other tokens fell over 40%, Trump’s decline was only 10%. Yes, the big hands continue to operate, seizing the opportunity to buy on dips, while retail investors also take the chance to profit.
As dinner approaches, don’t be surprised if Trump continues to rise in the coming weeks.
Clearly, this contest for the peak is far from over - unless concerns about Trump's 'manipulation strategy' reach a critical point and trigger change.
Brett [BASED] - Memecoin shows 'high risk', 'high reward' potential.
Brett [BASED] closely follows Trump, with support jumping 78% this week, nearing second place.
In fact, it is the only stock that continued last week's upward trend, making it a more popular choice.
Undoubtedly, this week has been a gold mine for the fields of AI and memecoins, but BASED truly stands out, dominating with a monthly increase of over 90%.
Moreover, the growth of memecoins has not slowed down - it currently ranks 8th in market capitalization, surpassing Dogwifhat [WIF].
While a slight pullback may be imminent, these key 'fear of missing out' (FOMO) drivers could push BASED further up in the coming days. A retracement of $0.10? Closer than you think.
Other notable rising stocks.
In addition to these heavyweights, the entire market is also bustling.
Housecoin [HOUSE] surged an astonishing 970%, even surpassing tokens ranked in the top 1,000! Alpaca Finance [ALPACA] and MemeFi [MEMEFI] followed closely, rising 345% and 246%, respectively.
Weekly loss.
DeXe [DEXE] - DAO promoters lead with double-digit losses.
DeXe [DEXE] leads the decline list, dropping 13.77% this week.
It all started with a hopeful bullish trend - DEXE opened up 1.67%, even breaking through $15.
But then, the bears disrupted the feast. The 1D price trend says it all - the bulls lost momentum, and long positions were squeezed.
In short, what was supposed to extend last week's upward trend has turned into an emergency landing, and currently, DEXE is dangerously close to the bottom of $13.
Historically, the support level of $12.15 had attempted to catch the declining trend. Furthermore, with trading volume plummeting by 50%, the bears have clearly taken the upper hand.
Therefore, retesting that bottom seems to be the next stop before any recovery. So, if DEXE continues to decline in the next week, don’t be surprised.
BitGet Token [BGB] - Utility token remains stable, limiting its decline.
BitGet Token [BGB] performed calmly, with a weekly loss of only 2.15%.
Earlier this week, BGB dropped to $4.5, but don’t rush to conclusions - BGB has rebounded to $4.40 and even spiked to $4.46 mid-week.
Clearly, the bulls are holding strong under pressure, making a significant drop unlikely.
If they maintain this momentum, a smooth recovery and consolidation may be just around the corner.
It appears that BGB has taken the right steps, finishing April with perfect results.
Unus Sed Leo [LEO] - A utility token launched 6 years ago suggests an untimely recovery.
Unus Sed Leo [LEO] followed the trend of BGB, dropping 3.48% this week.
But like BGB, the bulls also put pressure on the bears due to volatile price swings.
MACD remains in neutral territory, indicating that LEO's recent bounce to $9.40 to $9.50 may only be temporary.
This is a danger zone that began to decline in April, so traders are closely monitoring this position.
Before volume returns to green, LEO may drop to the support level of $8.75 before truly recovering.
Given all this unpredictability, don’t be surprised if LEO’s weekly downtrend lasts longer.
Other notable losers.
In the broader market, some tokens are experiencing declines.
VICE [VICE] led the decline, plummeting 60%, followed closely by Aergo [AERGO] and Acet [ACT], which pulled back 37% and 34%, respectively. These companies had a tough week!
Conclusion
Here’s a recap of this week's biggest gainers and losers. The cryptocurrency market is as volatile as ever, with rapid and intense price swings.
Remember, it’s crucial to do your own research (DYOR) before making any investments!
